SEATTLE, Nov. 19, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – SinglePoint Inc. (OTC:SING), a fully reporting technology company providing mobile payments, ancillary cannabis services and blockchain solutions, reviews the week at MJBIZCON and provides an update to corporate initiatives. Last week SinglePoint management attended MJBIZCON meeting with potential partners and acquisitions.
Video - https://youtu.be/YCBx2PVRn50
While in Vegas, SinglePoint met with its lead investor to discuss acquisitions and determine a path in an effort to secure SinglePoint future and growth opportunity. Both groups agree that a large acquisition with revenue and positive EBITDA would set SinglePoint apart from other companies in the space. It is now being discussed to acquire a business ancillary to the space but with a close tie to manufacturing and distribution.
Additionally, SinglePoint recently filed their third quarter report. Revenues continue to increase, and the company is on pace to surpass over $1 million in revenue for the year. Management plans to continue revenue growth through acquisition, continued growth of already acquired companies and increased sales of internal projects.
About SinglePoint, Inc.
SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.